Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

European Investment Bank (EIB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Bank Risk Rating

B

Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.

Voting Date

Jan 11, 2017

The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.

Borrower

Istanbul Metropolitan Municipality

The holder of the loan, grant, or other investment.

Sectors

Construction

Infrastructure

Transport

The service or industry focus of the investment. A project can have several sectors.

Project Description

This project finances the construction of the Atakoy-Ikitelli metro line, with a total length of 13.4 kilometers including 12 underground stations and a depot area, as well as electromechanical works throughout the entire line.

Investment Description

European Bank for Reconstruction and Development (EBRD)

European Investment Bank (EIB)

This project is expected to be co-financed by the European Investment Bank.

Contact Information

Nuri Sezgin
nuri.sezgin@ibb.gov.tr
+902124494000
www.ibb.gov.tr
Mehmet Nezihi Ozmen Mahallesi, Kasim Sok. Merter Istanbul
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.